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't be the worst thing in the world because it may be the best we can get without tax increases. they're done talking about taxes. >> they say they're done. the president will say again he wants a package of spending cuts now and a bigger negotiation he wants more revenue or tax increases. this is the president's way. he's beginning his second term. last thing he wants is disruption in the economy in the psychology, financial markets to set his second term off when he thinks things are growing. how much is baked into the marks, if you will? do they expect the sequester, as more people in washington say it's -- let's listen to the president. >> good afternoon, everybody. i want to say a few words about the looming debt lines and decisions that we face on our budget and on our deficit. these are decisions that will have real and lasting impacts on the strength and pace of our recovery. economists and business leaders from across the spectrum have said that our economy is poised for progress in 2013. and we have seen signs of this progress over the last several weeks. home prices continue to cli
currently have to pay 50% tax, yes, on their appearance and up to 10% of their worldwide earnings following a legal victory. other sporting events, including the dhampon's league final and the olympics have also had amnesty written into their contract. if you ever wonder why your favorite athlete may not be showing up to your favorite british competition, maybe now you have an answer. >> he raced here for the olympics and i don't think he's raced here in the previous three years. >> because look, it's not just a one off winnings related to that event, but all of a sudden your annual earnings are subject to this tax? >> it's an annual appearance fee. >> it's a pretty big incentive for athletes to say, you know what? not worth it. >> we're asking do you think it's fair for athletes to be given special tax breaks? is usain worth it? e-mail us, tweet us. >> is usain bolt worth it? >> do you want to go there? do you think it's -- do you think this event is worth it, by the way, to try to do the anniversary of the olympics to remind people and keep the positive buzz going? >> yeah. it draw tess c
alan. uh, hey.... i'm bob, we talked at the tax store. i did your taxes. i thou??t you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. >>> today's style is brought to you by -- yoplait. learn how to take your look from good to so good with tips from today's style experts. >> in today's style, rock royalty daughter kelly osbourne has been in the public eye for most of her life, but now she is known as a fashion critic on e's "fashion police." >> they had their own fashion bowl, and at the end of the show, each host did their own touchdown dance. let's take a look at kelly's. ♪ >> wow! >> okay. >> i wish we could look at joan's. >> joan's was absolutely amazing. >> was it? >> george shocked me in a way that i didn't think he possibly could. >> how so? >> because, he came in, george doesn't wear jeans like that. didn't occur to me they were going to be
. >> what do you have for us in the next half-hour? >> tax time right around the corner. a couple things you can do this weekend if you want to procrastinate a little bit longer. it will make you feel like you're getting stuff done. it will make the ultimate job easier. >> thank you, jess. >>> for the first time president obama has nominate add woman to fill one of his second term cabinet openings. that story coming up. >> another one of the president's nominees is facing some tough questions or will face tough questions coming up today on capitol hill. >> ahead in sports, the wizards stay in the win column by ruining someone else's winning streak. we'll have highlights when we come back. >>> welcome back. 5:09. we have a chilly morning. lots of 20s out there. it's not going to be nearly as nice as yesterday. some of you may see a sprinkle before the day is over. here's a look at the day planner with temperatures getting into the upper 30s. that's it in some of our northern suburbs to 44 down south. perhaps a peek or two of sun. a cloudy afternoon. look for a high of 41 in d.c. rain moves in
raising tax rates? mr. obama makes news in his cbs interview. should scouting be open to gays? and byron pitts tells us how a killer once committed to a mental hospital got a permit by-to-buy 15 guns. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. the f.b.i. has stormed an underground shelter today, shooting to death a kidnapper and freeing a five-year-old boy unharmed. the boy, whose first name is ethan, had been held for seven days outside midland city, alabama. the family allowed us to show you his picture. the police say that ethan was kidnapped last tuesday from a school bus by 65-year-old jimmy lee dykes who neighbors have described as belligerent. mark strassmann is on the scene with the breaking news tonight. mark? >> reporter: scott, here's what happened in the final minute. two muffled bangs could be heard behind me in the direction of the shelter. an ambulance that had been parked nearby since the start of the standoff raced up the hill. about a minute later, local deputies and f.b.i. agents were patting themselves on the
unpaid bills of 130 million euros, plus 40 million euros for the tax office and social insurance. employees have not been paid for three months. it was a very complicated situatio >> and no solution is in sight. 11,000 people are unemployed. one of them is jose, who has gone back to how his father used to earn a living. >> there's no alternative. i used to work in construction, but that closed down here. and everywhere else, things are very bad. >> the fight for survival has brought creative ideas. just before the border to gibraltar, a group of unemployed people have opened up a parking lots. you pay as much as you want. manuel rodriguez and 40 other families live from it. >> i have no money for a year. before that, i was unemployed for five years. i need this to survive. >> at the end of his day, he brings home 20 euros. his wife does not want to be filmed. she suffers from depression. his son is still in school. his family is not the only one fearing for survival. >> the entire quarter is in a similar situation. there is no industry here, no work, nothing. it brings you to you
, but not so well publicized in the impact of redundancy, tax rises, and unpaid bills, the impact it's having on people's mental health. >> behind the faces, there's a growing given toll, the mental trauma of the economic crisis that for many is proving too much. >> we have many more people facing difficulties with depression, with emotional disorders, with anxiety disorders. we have many, many more suicides. [indiscernible] it's a problem for our society. >> a mental dexterity has never been busier. it's counselors operate in every quarter of the country. a suicide hotline received up to 100 calls a day. three-quarters of them over financial difficulties. psychologists point to the breakdown of traditional structures, the tighten its grip family in which the young and old always looked after one another. now over 1 million families, there's not a single member who works. it also point to the longevity of the crisis, a torment of pain and uncertainty that leads many greeks to feel hopeless. in another life, this person might be considered affluent. she inherited eight properties and had a goo
for more increases in tax rates. he said that in an interview with cbs news that was broadcast live before the super bowl. mr. obama signed a bill raising rates on higher-income americans last month but this is the first time that he's said that he doesn't intend to extend higher rates to more taxpayers. it's a change from the position that he's held for many months. >> we can't get this done unless we also ask the wealthiest households to pay higher taxes on their incomes above $250,000. >> pelley: that was mr. obama before the election and he made the same points in another way eight weeks ago. >> just to be clear: i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. >> pelley: but last month he signed a stopgap compromise with congress that raised taxes on families making more than $450,000 a year. as the budget negotiations continue now, we wondered whether he would return to his goal of extending higher rates to families at that $250,000 level. are you through raising tax rates? >> well, i don't think the issue right now is raisin
the reduction of tax loopholes. >> they recognize that the sequester is a bad idea, but what they suggested is that the only way to replace it now is for us to cut social security, cut medicare, and not close a single loophole, not raise any additional revenue from the wealthiest americans or corporations that have a lot of lawyers and accountants who are able to maneuver and manage and work and game the system. and i have to tell you, if that's an argument that they want to have before the court of public opinion, that is an argument i'm more than willing to engage in. >> joining me now is nobel prize winning economist paul krugman. he's a professor of economics at princeton university and author of the book, "end this depression now" which is now available in paperback. professor krugman, you know what i do, i take notes. i'm going to be over here taking notes. i want to get your reaction to what the president said today about his eagerness for a big deal with republicans and what are the possibilities there? >> well, okay. i believe there is no possibility. >> exactly what i thought. >>
. twitter is not alone. other major u.s. companies are reporting cyber at tax. what's behind all of this? an expert coming up. >>> a man tasered right in front of buckingham palace. why police say they needed to stop him from reaching the gates. jenna: quick look for you now at some of the stories coming up new next hour including this one. the week really getting off to a snowy start for people across the midwest. we'll take a look where the latest blast is heading next. >>> also a big show of force as the united states and south korea kick off a new round of war games but there are rising concerns that north korea is preparing for a new nuclear test that has a lot of folks worried. >>> scientists say a skelton found under an english parking lot is indeed that of the king richard the iii. jon: what? jenna: come on. how they solved a 500-year-old mystery they say and what the remains may tell us how the ruler died. a parking lot. jon: what is he doing under there? huh. a frightening scene right right now side buckingham palace in london. guards were forced to use a taser to stop a guy ar
instability now? >> the question is, what's the truth? we'll see rajoy's tax documents come out later this week. there is clearly a problem here. we have one senior member of the party and the significant investigation. if rajoy is removed, what is the alternative? would we go into a general election and would that alter the economic positions that spain finds itself in? some will argue it would because they don't -- take it on board, introduce the external controls and if you like wrap up the situation. so there's a bull argument within the bear argument. >> where do you fall on that spectrum? >> i think it's going to be business as usual from a political point of view. >> and do you like your investments here? >> yes, i do. >> at what point do you start to take profit? >> i think the credit markets are telling you that. i think it's beginning to say a run for the spanish bull market which could go further, but it's not the same in the last three or four months. >> there's a ten year, 5.31%. are you sticking with it until it goes below five? >> technically, if you hold rates where th
of taxes, i'm not that surprised to hear about buybacks down a bit in the month of january. let's move on. the big that's going to happen this year, draghi, ecb meeting. a lot of people calling for rate cuts to help out on the euro. this is part of the currency argument going on. lowering rates seems unlikely at this point. the fact that there's a big debate about it, is that the euro strength is causing problems in europe. higher valuations last week for home builders. some trading two times book value. that's a big problem for the building people right now, if you trade them, fundamentals are good. barclays downgraded four of the big home builders on exactly that. the valuations have become stretched. we were talking about this two weeks ago, folks. barclays said new home price increases are unsustainable. some of them reporting 17% increases in their prices in the last quarter. that's an excellent number. but existing home prices not moving nearly as much. i agree with that, those are unsustainably high numbers. expect them to be 4%, 5%, 6% this year. let's move on here. the new york s
for the month, despite all those worries about the payroll tax. who won? who lost in the cramer knows. >>> former treasury secretary bob ruben in a rare interview on squawk this morning has words about too big to fail, the sequester and how he missed the crisis at citi. >>> is it time to say good-bye to the u.s. airways brands? a deal looks close for amr's american to take it over, become the number one brand. does consolidation mean airlines just got more attractive. >>> we start off with the retailers, january report card, macy's posting an 11.7% jump in same-store saturday and raising guidance. stellar results from some of the retailers. >> such a mixed picture. some guys -- kohl's, people decided their clearance is moving the stock up nicely. gap strong happens moved. consistently great job. people talking about urban outfitters doing a great job, doesn't seem like the stocks right now are moving the way you would think they would. i don't know how many people are counting on this particular month -- >> a short month, bleedover from the holidays. the rate of beats, 59% is the stro
and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ snoop i get a little time off next week. martha: yes do you. bill: let's settle this right now are you going the ravens. martha: i'm going the ravens. bill: why are you doing that. martha: i did a little more research and i thought i'm going to root for the ravens. bill: she you. bye-bye. jon: we begin with this fox news alert, one person has been killed in a terrorist attack at the u.s. embassy in turkey. a homicide bomber setting off the blast in front of that facility today killing a turkish guard. several injuries also reported in the explosion. the u.s. state department says it is working with turkish police to investigate the attack. it is also warning american citizens in turkey to avoid high-risk areas and to remain alert. the story still developing right now. much course we will continue to keep an eye on it, bring you the latest coming up in a live report. and right now, brand-new stories, and breaking news. jenna: the hos
about the trend happening locally in terms of revenue measures such as the sales tax and vehicle registration fee that are administered by the authority. one of the things that is important as we move forward is to always look for the most cost-effective ways of doing the work. one of the things that i hope you continue to do is to focus on enhancing coordination among the various city agencies. we saw with a number of projects that were discussed at the authority that while there is communication between these agencies better communication is needed. and one of the things that i hope happens- especially with the major projects - that we continue to focus on how the county transportation authority interacts with the mta and other agencies involved in various projects that we are funding. i know that in the state of the city address, mayor lee indicated that public transportation % specifically the mta is going to be a top priority for him. i know he is putting together a working group that is going to be looking at those issues and i hope that at that work continues the county t
is turning to for advice on everything from the deficit to taxes to the broader economy. >>> then, after we talk to them, they're going to paint a picture for us, we're going to turn to two powerful investors for insight into what the conversation in washington means for the broader markets. cowen and company ceo jeff solomon will join us, and the bond king, bill gross. first, steve will bring us up to speed on the morning's top stories. steve? >> thank you, michelle. disney posting better than expected earnings and revenues after the bell. the company says it expects the next few quarters to be better on a stronger lineup of films and growing attendance at its theme parks. ceo bob iegory was on cnbc's "closing bell." >> you had a lot of ins and outs. basically, the trendser good. we had strong results at our domestic parks. the bookings have been pretty solid. advertising was okay. and generally speaking, our business performed well. and our interactive media group was profitable for the quarter. that's the first time the group has been profitable since we've been breaking it out. >> share
would be replaced by a hike in the state sales tax 5.8%. this also includes a $100 fear -- see. that are just learning garrett county schools dealing with a delay today. we will keep you updated on that. >> an alert for metro riders. why you might change your normal routine. some times the big plan doesn't work. and the perfect life turns out to be not so perfect. so you start fresh. new city. new job. new bank. there's a lot to figure out. so, i switched to suntrust. they moved everything for meme. direct deposit, even my online bill pay.y... and suddenly, everything else just fell into place. switching to suntrust has never been easier. now, our dedicated team will do all the work for you. suntrust. how can we help you shine today? >> live and in hd, this is "good morning washington," on your side. >> you are done, right? >> ray lewis preparing for his desperado is a ravens player. -- parade as a ravens player. first, let's check on storm this morning. another round of snow today? good morning to you, washington. a simpson. >> i am scott thuman. talk about the snow right away
. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ jon: authorities in alabama trying to bring a 5-year-old boy safely back to his family as a tense standoff between police and a hostage taker enters a fourthay. >>> and extreme weather across the entire nation from tornado to blizzards, some parts of the country getting hit with merely 2 feet of snow. we have the latest from the fox weather center gloomplet and nasa today honoring the fallen astronauts from three missions with a day of remembrance. a look at the next step in america's space program. jenna: plus a warning for americans after a deadly terrorist attack on the u.s. embassy in turkey. welcome to a brand new hour of "happening now," i'm jenna lee. jon: and i'm jon scott. a powerful bomb blast ripping a whole in the embassy with the u.s. ambassador inside. we have learned the ambassador is safe. two people are dead, including the bomber. the turkish government blames an illegal group o
and a simplification of the tax code. this was part a the discussion on manufacturing hosted by "the atlantic." it is just under one hour. [applause] >> thanks so much for joining us. i want to start big picture. it has been a rough couple of years for the economy. people keep referring to the tantalizing signs of venue factory revival. manufacturing jobs are up to about 400,000. they are down roughly 6 million in the prior 11 years. is what we are seeing a dead cat bounce? is something going on here? is there a manufacturing renaissance in america? what are you seeing? >> is the us's manufacturing more competitive than it has been in the past? yes. it are a number of drivers. in high-tech manufacturing, material innovation is happening. there is a lots of innovation and advanced manufacturing. materials are higher than it was in the past ursus labor. the energy construct is being created by shale gas. the ability of companies to sell around the world and export in the markets that are growing. in the case of manufacturing, the future has a chance to be different from the past. we are at our
of the -- new mexico still do not charge sales tax. we cannot afford to get the discounts and we are required to collect the taxes so we are not playing on a level feed playing field. ever having said all that i truly believe that the public reception of giant corporations is changing. the people understand the importance of supporting a local endeavor which hires local people and pays local taxes and is involved with the local community and i am very proud of the existing college network here. we have a remarkable scientific community both here and of course in los alamos and who lost their independent bookstore about a month ago so we do a great deal with science and theory and a great deal with philosophy. it is a religious city. people are anxious to know about other religions or religions do well. this wall behind me is paperback fiction and that rules that appear on a steady basis. locals and visitors who want something light to read what they are traveling and nothing too terribly important. the opera breakfast meats here all winter long before the simulcast of the metropolitan opera w
speak now, they still do not charge sales tax. we cannot afford to give the discounts and we are required to collect the tax. so we are not playing on a level level playing field. however, saying all of that, i truly believe that the public perception of giant corporations is changing. people understand the importance of supporting local endeavors which hires local people and pays local taxes and is involved with the local community. i am so proud of the 15 colleagues at work here. we have a remarkable scientific community here, and of course in los alamos. they lost their independent bookstore about a month ago. we do a great deal with science and theory and a great deal with philosophy. this is a deeply religious city. religion does well. this wall behind the paperback fiction combat rolls out here on a steady basis. both for locals and visitors who want something light to read. the author breakfast meats here all winter long before the metropolitan opera, which comes to santa fe along with millions of other viewers across the world. there is a breakfast and a lecture here.
. >> and the president is pushing congress to come up with new tax revenues and short-term spending cuts to avoid the massive cuts that will otherwise kick in automatically on march 1. how ways and means chairman david camp is here to respond. >> looking forward to his comments. has a lot to say. here's where we stand right now. the dow, a mirror image of yesterday. a selloff in the open yesterday in the morning and then it went sideways, and today we've done that the opposite. a rally on the open this morning, now up 123 points and just off the highs at 14,004.08. this would be the third could be sective 100-point move for the dow, and the we're only three days into the month of february. the nasdaq is up 45 points wiping out yesterday's losses. now at 3176. that is the high of the session right there, and the s&p 500 index is showing a gain of about 17, now 18.25 points, just off its high at 1315. in today's closing bell exchange, we're joined by todd schoenberger, marky willman from jmp securities and linds freftn financial and our own rick santelli. todd, you've got to be loving this real rig
said they would respond with utmost decisiveness. tax in pakistan, a militant attack on an army check post has killed at least 13 soldiers and tens of millions in the northwest of the country, and the taliban has claimed responsibility, saying it was in retaliation for a recent drone strike. reports in pakistan say more than 35,000 people have been killed as a result of terrorism since the september 11 attacks on the united states. in libya -- in india, five men have been indicted in that gang rape case that led to the death of a 23-year-old student. the men he not guilty to 13 charges of murder if convicted, they could face life sentences. the attack happened in december and sparked national outrage. russia is celebrating the anniversary of the battle of stalingrad, when the red army defeated nazi forces, claiming the lives of 2 million people, and changing the course of world war ii. president putin is due to attend a fireworks this play and concert and will host a reception for veterans in the capital. since beginning his third term in the kremlin, putin has been spreading a patrio
iii, i think it will have a very different assessment of the tax. >> the grave has already given up many secrets. we know that he was wounded in battle 10 times. preparations are being made to inter the remains of richard iii in a cathedral here next year. >> he worked -- whether he was a villain or not, he still ended up buried in a car park. continue watching bbc world news for updates on our stories around the world on our 24-hour news network. check your local listings. thanks so much for watching. we will see back here tomorrow. >> make sense of international news at bbc.com/news. >> funding of this presentation is made possible by the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, and union bank. >> at union bank, our relationship managers work hard to understand the industry you operate in, working to nurture new ventures and help provide capital for key, strategic decisions. we offer expertise and tailored solutions in a wide range of industries. what can we do for you? >> "bbc world news" was presented by kcet, los angeles. picking da
are also the largest tax payers for that region, and an important part of the local economy. politicians do not dare metal with their businesses. we have the laws and environmental standards, but they are not enforced. >> economic growth has been the number one priority in china, but an increase in living standards has been increase in pollution. having a car has been an important status symbol for the rising chinese middle-class. beijing alone has 5.2 million cars. people here are sick of the smog. long lines form in front of beijing as the hospitals. there's been a jump in cases of respiratory ailments. children and the elderly are especially vulnerable. >> of course i'm worried. my daughter has a skin allergy. we have everything under control, but now the doctors are saying the air pollution is making it worse. more people are suffering. then a state media have started speaking out about the problem of increasing pollution. the government is looking for ways to manage the issue. >> people want more security and a cleaner environment. the stability of society is threatened if the governme
: republicans argue democrats have no plan for replacing the sequester beyond eliminating tax breaks for corporate jet owners and oil companies. >> these aren't real solutions, mr. president. they're poll tested gimmicks. >> reporter: the cuts were originally supposed to kick in last month, but a last-minute deal pushed them off for two months. the president is meeting at this hour with labor leaders later this afternoon with business leaders and the subject, norah and charlie, is sure to come up. >> nancy cordes thanks. >>> meantime house majority leader eric cantor will be outlining a new agenda for his party today calling for change. he wants republicans to focus more on issues like education and health care and spend less time talking about the deficit. congressman cantor is with us this morning. >> good morning. >> you've got a big speech today asking the republican party to change. is this about tone or ideology? >> what this is about is about making sure that we can express why we're doing what we're doing. we believe very strongly obviously in things lik
. police say dykes shot poland tuesday when he stormed this bus and demanded child hoss tax. 22 escaped. robby bachelor is also a school bus driver. >> he laid down his life for the kids on that bus. >> reporter: children will return to school today for the first time since the shooting. we've also learned ethan could spend his birthday as a hostage. he turned 6 on wednesday. >> he's been involved in other hostage and standoff situations. john, good morning. they've now been in the bunker for seven days. this poor boy might spend his birthday there. he's 6 years old. there are good signs, though, about the fact that he's being cared for. >> the good thing is you've got the time where you develop what they call stockholm syndrome where the captor and captive start to bond. you can see that when he asks for coloring books, crayons, medication to come in. he's trying to provide for this boy. as time goes on, that bond should inkreechls it also happens with the negotiators. there's going to be a primary negotiator who started this conversation and a backup negotiator and ore over the days t
damaged out kind of costs -- damaged al qaeda possibility to plan a tax, but others say they alienate local populations. brennan will have to answer questions in his confirmation hearing as cia director. the legality of drone strikes is likely to be high on the agenda, especially after a memo was leaked. white house 3 did the white house defended the policy. >> we have a knowledge there are sometimes we use remotely piloted aircraft against terrorists and to prevent attacks on the united states and to save american lives. we conduct the strikes because they are necessary to prevent threats, to stop future attacks, and save american lives. these attacks are ethical and wires. >> the fact there is a secret base may mean some of the difficult questions may be raised not just in washington but in saudi arabia's capital, riyadh. >> today the royal bank of scotland became the third major bank to pay for its part in bringing a key global interest rate now in libor. they have been forced to turn over more than $6 million. the incident gives another black guy to the already brews the baking in
street, the french quarter and new orleans. brian, thank you very much. coming up. >>gretchen: tax to the max from progolfers to tiger woods to tina turner. are the president's policies to blame? coming up next. >>steve: who says they can't be friends? >> hello. >> there you go. >> give it to him. that's all i got. >>steve: what could possibly go wrong? meet one mailman's four-legged helper. you're watching "fox & friends" live from new york friends" live from new york and new orleans. [ male announcer ] how do you make america's favorite recipes? just begin with america's favorite soups. bring out chicken broccoli alfredo. for recipes, plus a valuable coupon. campbell's. it's amazing what soup can do. with fancy feast mornings gourmet cat food. (announcer) plusmake mornings special, mornings are delicious protein rich entrees with gden veggies and egg. fancy feast mornings. the best ingredient is love. two. three. my credit card rewards are easy to remember with the bankamericard cash rewards credit card. earn 1% cash back everywhere, every time. [ both ] 2% back on groceries. [ a
into effect, then i believe they should at least pass a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester. >> members of both parties came up with the idea of the sequester, back in 2011, to force lawmakers to act on balancing the budget and at one point here during the president's statement today, actually interrupted by the loud flashes of the photographers' cameras. watch that. these reforms would reduce our government's bill -- what's up, cameraman? come on, guys. they're breaking my flow all the time. >> breaking my flow. now to big business news. the company that became famous for the commercial catch phrase dude, are you getting a dell, is being bought back its founder and ceo michael dell. the company struggled as consumers shift to tablet computers, away from the desktop pcs. if the buy goes through, it will be one of the largest leveraged -- easy for me to say -- buyouts in history. >>> and look at these pictures with me. that is not smoggy beijing you're looking at. that is the area blanketed by pollution blown
. if you look what the president is propoeing, he is talking about stuff like, raising taxes which is kind of absurd and stimulus spending which the last time did not work. at least depending what side of the aisle you're on you will say whether it worked or not, the but the stimulus plan didn't work the way they said it would work. martha: when you look at that number, it is a pretty low number when you consider $4 trillion has been put into the economy to get get jobs going. jobs council after a few meetings they decided they didn't need that anymore. >> he didn't use them. talk to the people on the council. jeff immelt and ken chenault, privately they were telling people he didn't talk to us. he didn't care. it was kind of a joke if you think about it. martha: but the narrative is out of the white house, look, things are improving. the housing market is starting to pick up. the stock market which a lot of people think is not an indicator how folks across the country feel about the economy, they're saying the numbers are looking pretty good to them. they're happy. >> look at the stock ma
well from refining. what stands out to you? >> actually, it's a tax. the headline number was a decent beat, 20% up on consensus. but the underlying business, the upstream was about in line. the refining and marketing with about 3% better than we had expected. but it just so happened, at the end of the year, taxes seemed to go bp's way. instead of a tax rate of around 336% to 38%, they were paying about 16% and that actually is nearly all the difference. so that is not something which unfortunately we would expect something to happen on a quarterly basis. so take the money now. it's good news, but not something that you build into 2013. >> so why is the stock up to 32%? clearly that's not an operational thing. >> you're getting a little bit of melt yumm coming back in the gulf of mexico. overall volumes were down 7% year on year. if you take out the divestment, take out psas, they were down less than 1%. if you look at the u.s. liquids production, which is a real guide because it's seasonal, that was up around 45,000 barrels a day. so you've had two big fields which started at the end
Search Results 0 to 49 of about 85 (some duplicates have been removed)

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